Morning Jolt: Hostess closing; Twinkies may survive

Friday

Nov 16, 2012 at 5:25 AM

Hostess Brands said Friday that it is closing for good and is asking a federal bankruptcy court for permission to liquidate. Hostess makes popular items such as Twinkies and Wonder Bread and is moving to sell some of its lines to the highest bidder, which means Twinkies might not altogether disappear. Hostess blamed the move on its striking bakers, who protested the company's new contract.

In the news: Hostess Brands said Friday that it is closing for good and is asking a federal bankruptcy court for permission to liquidate. Hostess makes popular items such as Twinkies and Wonder Bread and is moving to sell some of its lines to the highest bidder, which means Twinkies might not altogether disappear. Hostess blamed the move on its striking bakers, who protested the company's new contract.
Happening today: This is the movie you’ve been waiting for – the final “Twilight” movie. “The Twilight Saga: Breaking Dawn - Part 2,” rated PG-13, opened today. For those looking for something with more historical flair (and Oscar aspirations) “Anna Karenina” opens as well (rated R and starring Keira Knightley, Jude Law), and opening in wide release is “Lincoln,” PG-13, the Steven Spielberg film starring Daniel Day-Lewis.
Opening bell: The Dow Jones opened at 12,542.38 after finishing down 28.57 points Thursday.
Motivational quote: “I am always doing that which I cannot do, in order that I may learn how to do it.” - Pablo Picasso
Watercooler talk: Train hits Texas veterans parade
Four people were kiled in the accident and almost 20 were injured.